Tag: cash

Initially, for me, without a credit card and living in Hong Kong (where it seems incredibly slow uptake to the rest of the world) my biggest problem was how could I buy in. It took until an extortionate exchange at a bitcoin ATM allowed to get my hard earned into virtual currency.

I’d tell me friends and family about this and the biggest fear I would hear from them about my investment in cryptographic-currency was “so how do you get your money out?”

I was looking at https://www.bitfinex.com/ and then I heard that Wells Fargo bank had made it difficult for you to remove your money this way, more here …

https://www.okcoin.cn seems to give a solution to this problem in Chinese RMB, but it appears (so far, from my investigation) that you need a China ID to open an account (along with a China Bank account or Alipay account).

If you can actually spend your coins on real things then getting your money out is as easy as buying what you want to buy with your digital currency. So looking at spending your coins through VISA could be a game changer:

Likewise, https://www.cryptowoo.com/ enables traders to sell goods on their websites using digital currency, so those that want to cash out, can just buy what they want from traders using this. Read more about this here …

List of Companies Who Accepts Bitcoins as Payment!

Many companies are accepting bitcoins, many are not. Here is a list of the biggest (and smaller) names who accepts bitcoins as a currency.

WordPress.com – An online company that allows user to create free blogs

Overstock.com – A company that sells big ticket items at lower prices due to overstocking

Subway – Eat fresh

Microsoft – Users can buy content with Bitcoin on Xbox and Windows store

Reddit – You can buy premium features there with bitcoins

Virgin Galactic – Richard Branson company that includes Virgin Mobile and Virgin Airline